Market Analysis of XAUUSD on Wednesday 29 May 2024

2024-05-29 19:10Source:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW                                                             15 minute chart showing calculations it is running in negative trend and its immediate resistance  area 2345 to 2360 level . It can fall below 2340 level .Stop loss for selling is 2360 level and intraday targets are 2340 ,2338 and 2335 levels respectively .

 QUICK FUNDAMENTAL LOOK                                                                     

Gold prices slipped on Wednesday as U.S. Treasury yields firmed, while investors geared up for a crucial inflation report due later this week that could provide insights into the Federal Reserve's policy path.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .

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